Overseas
2022 in numbers
| Operating data | U.M. | 2022 | 2021 | Change | % Change |
|---|---|---|---|---|---|
| Water volumes | Mm3 | 42 | 41 | 1 | 2.9% |
| Volumes fed into the grid | Mm3 | 76 | 77 | (1) | (0.2%) |
| Number of customers (user accounts served) | No. | 123,433 | 122,308 | 1,125 | 0.9% |
| Economic and financial results (€ million) | 2022 | 2021 | Change | % Change |
|---|---|---|---|---|
| Revenues | 95.1 | 77.1 | 18.0 | 23.3% |
| Costs | 62.1 | 49.7 | 12.4 | 24.9% |
| EBITDA | 33.0 | 27.4 | 5.6 | 20.4% |
| Operating profit/(loss) | 19.4 | 16.4 | 3.0 | 18.4% |
| Average workforce | 2,474 | 2,238 | 236 | 10.5% |
| Capex | 5.8 | 4.6 | 1.2 | 26.4% |
| Net Financial Position | (26.6) | (18.9) | (7.6) | 40.2% |
| EBITDA (€ million) | 2022 | 2021 | Change | % Change |
|---|---|---|---|---|
| EBITDA – Overseas Segment | 33.0 | 27.4 | 5.6 | 20.4% |
| EBITDA – Group | 1,305.0 | 1,256.1 | 48.9 | 3.9% |
| Percentage | 2.5% | 2.2% | 0.3 pp |
Year review
The Segment currently includes the water companies that manage the water service in Latin America. Specifically:
- Aguas de San Pedro (Honduras), 60.65% owned by the Group as of October 2016, when it was consolidated using the line-by-line method. The Company serves its customers in San Pedro Sula;
- Acea Dominicana (Dominican Republic), wholly owned by the Group, provides the service to the local Municipality known as CAASD (Corporation Aqueducto Alcantariado Santo Domingo);
- AguaAzul Bogotà (Colombia), of which the Group holds 51%, is consolidated on the basis of the equity method with effect from the 2016 financial statements as a result of a change in the composition of the Board of Directors;
- Consorcio Agua Azul (Peru) is controlled by the Group which owns 44% and provides the water and discharge service in the north of the city of Lima;
- Acea Perù is wholly owned by Acea International and was established on 28 June 2018. This company was established with the specific intent to manage the aqueduct service in the city of Lima through consortia;
- Consorcio Servicio Sur controlled by Acea International (50%), by Acea Ato2 (1%) and by local partners Conhydra, Valio and India overall equal to 49%. The Consorcio was established on 5 July 2018 with the specific aim of managing the corrective maintenance service for the drinking water and sewerage systems of the Directorate of Services Sur of Lima (Peru). The Consorcio’s activities ended during 2021 and it is currently in liquidation;
- Consorcio Acea controlled by Acea Perù (99%) and Acea Ato2 (1%), established on 15 December 2020. Consorcio Acea signed a three-year contract for the management of pumping stations for drinking water in Lima Centro;
- Consorcio Acea Lima Norte controlled by Acea Perù (99%) and Acea Ato2 (1%), established on 5 January 2021. Consorcio Acea Lima Norte signed a three-year contract for maintenance of the water and sewerage network in the northern zone of Lima.
- Consorcio Acea Lima Sur controlled by Acea Perù (99%) and Acea Ato2 (1%), established on 6 October 2021. Consorcio Acea Lima Norte signed a three-year contract for corrective maintenance of the water and sewerage network in the Sud di Lima zone.
The Segment ended 2022 with EBITDA of € 33.0 million, which is up by € 5.6 million. This increase is partially due to foreign exchange gains (+€ 3.6 million), with the remainder mainly linked to greater margins deriving from consolidation of Consorcio Acea Lima Sur (+€ 1.7 million) and Aguas de San Pedro (+€ 1.6 million) for more reconnections following disconnections, as well as an increased number of users.
The average number of staff was 2,474, an increase of 236 people deriving from the contrasting effects of (i) an increase due to consolidation of Consorcio Acea Lima Sur (+213 units) and (ii) a decrease due to Consorcio Servicio Sur (-101 units) as a consequence of the end of the management of the water and sewer network of the Sur di Lima Directorate of Services.
Investments during the year totalled € 5.8 million, an increase (+€ 1.2 million) compared to the previous year, mainly associated with Aguas de San Pedro.
The net financial position at 31 December 2022 was positive at € 26.6 million, an improvement of € 7.6 million compared to 31 December 2021. This change is mainly linked to Aguas de San Pedro and Consorcio Agua Azul. The change is also due to foreign exchange effects (€ 3.0 million).
Significant events for the 2022 financial year
No significant events are reported during 2022.